OmniLit Acquisition Stock Price, News & Analysis

OmniLit Acquisition Corp. (symbol: OLIT) is a publicly traded special purpose acquisition company (SPAC) focused on identifying high-quality businesses with advanced optics and photonics capabilities for potential business combinations. Recently, OLIT successfully completed a business merger with Syntec Optics, Inc., an industry leader in ultra-high precision optics and photonics. As a result, Syntec Optics Holdings, Inc. now trades on the Nasdaq Stock Exchange under the symbols “OPTX” and “OPTXW.”

Founded to enhance American manufacturing capabilities, OmniLit has been instrumental in backing Syntec Optics' growth. Syntec Optics, headquartered in Rochester, NY, has over two decades of experience manufacturing custom optics and photonics. It operates a state-of-the-art facility that integrates horizontal and vertical manufacturing processes, providing significant advantages to systems integrators and OEM customers.

Syntec Optics has made significant strides in developing advanced optics for both defense and commercial markets. Their recent product launches include lightweight night vision goggle optics and ultra-high precision optics for Low Earth Orbit (LEO) satellite systems. These innovations cater to the growing demand for advanced night vision components and satellite communications, markets projected to expand significantly in the coming years.

The company's mission emphasizes enhancing U.S.-based manufacturing to keep American soldiers safe, equip doctors with advanced technological tools, and deliver photonics-enabled precision to consumer products. With partnerships spanning across defense, biomedical, and consumer sectors, Syntec Optics is well-positioned to address the increasing need for high-performance optical solutions.

The recent approval of the business combination with OLIT by a significant majority of shareholders marks a pivotal moment for both companies. The merger is expected to bolster Syntec Optics' market penetration, enabling large-scale deployment of new optics and photonics products while supporting the growth of its core business.

For the latest updates and detailed information regarding OmniLit Acquisition Corp. and its business ventures, visit https://www.omnilitac.com or contact the company directly via info@omnilitac.com.